Low Income Apartments and Affordable Housing For Rent in Urbana, IL

Discover affordable housing in Urbana where there are 12+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Sunnycrest Man0r

1805 S Cottage Grove Ave, Urbana, Illinois 61801

Edge of Mall Apartments

109 W Illinois St, Urbana, Illinois 61801

Highland Green

102 East Stebbins Drive, Urbana, Illinois 61801

Aspen Court

1557 Hunter St, Urbana, Illinois 61802

Florida House

1502 E Florida Avenue, Urbana, Illinois 61802

HOMESTEAD CRYSTAL VIEW TOWNHOMES

Broadview Ave And Lakeside, Urbana, Illinois 61801

Prarie Green Apartments Phase I

2502 Prairie Green Dr, Urbana, Illinois 61802

C - U Independence Apartments

610 E Kerr Ave, Urbana, Illinois 61802

Rainbow Apartments

1004 S Smith Rd, Urbana, Illinois 61802

Prairie Homes

106 Hartle Ave, Urbana, Illinois 61802

Hayes Homes

401 E High St, Urbana, Illinois 61801

Steer Place

1202 E Harding Dr, Urbana, Illinois 61801

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Urbana, Illinois
$19.87/hour
$5.87 (+42%) more than Illinois minimum wage and $12.62 (+174%) more than the Federal minimum wage.
Learn More About Urbana, Illinois Affordable Housing ↓

What HUD offices serve Urbana, Illinois?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Moving to Work, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Mainstream Voucher, Rental Assistance Demonstration (RAD), Homeownership programs for Urbana, Illinois.

Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Urbana.

How many renters live in Urbana, Illinois?

The City of Urbana has 38,741 people living in 16,380 households.

There are 20,347 renters living in 11,002 renter households in this City. Renters make up 52.52 percent of the population living in Urbana.

What is the rental market like in Urbana, Illinois?

There are an estimated 18,920 housing units in the Urbana area. Of these, 12,893 units are rental homes, making up 68 percent of the housing market. For every renter household in Urbana, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Urbana?

The rental vacancy rate in Urbana is 11 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Urbana for each bedroom size?

Occupied Rental Units by Size in Urbana
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
647 3,202 4,583 1,146 1,309
Occupied Rental Units by Size in Urbana

A large number of apartments in Urbana have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Urbana are overburdened by housing costs?

Among renter households in this market, 49 percent have housing cost burden. Further, 29 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Urbana

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $880 to $1,397. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $880
One BR $885
Two BR $1,049
Three BR $1,372
Four BR $1,397
2024 Fair Market Rents in Urbana, Illinois

How many units are rented at Fair Market Rent (FMR) in Urbana?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 376 58 percent
One BR 1,839 57 percent
Two BR 3,003 66 percent
Rental Units Below FMR in Urbana, Illinois

How many affordable rental units are in Urbana?

There are a variety of federal affordable housing programs serving households in Urbana, Illinois including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 521
Section 8 Project-Based Rental Assistance 350
Section 811 Supportive Housing for Persons with Disabilities 15
Tracked Units by Federal Program in Urbana, Illinois

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Urbana, Illinois

Urbana features 565 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Urbana, Illinois

There are 210 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Urbana.

Housing Choice Vouchers in Urbana, Illinois

On average, Section 8 Housing Choice vouchers pay Urbana landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Urbana.

The maximum amount a voucher would pay on behalf of a low-income tenant in Urbana, Illinois for a two-bedroom apartment is between $944 and $1,154.

Sourced from federal housing data and AffordableHousingOnline.com research.